Proposals to enable almost £500 million of funding in the Liverpool City Region over the next five years are expected to be approved today (16 September).
A prospectus for the Single Investment Fund (SIF) – a key funding tool for the region – will be considered during a Liverpool City Region Combined Authority meeting.
The SIF will address the city region’s strategic priorities and is a key part of its devolution agreement with the government.
If approved, the combined authority will be able to use the prospectus to commission and fund key growth projects in areas which include business growth and sector development, research and development, skills development and adult education budget, transport and other infrastructure, regeneration, town centre development and culture.
Mayor of Liverpool Joe Anderson, chair of Liverpool City Region Combined Authority, says: “Since we secured the devolution agreement in November last year we have been developing a number of opportunities which would benefit from the investment and give us the greatest return.
“A lot of this work has now culminated in the development of the SIF prospectus, which is aligned to the city region’s key priorities, to accelerate economic growth, development and prosperity.”
Mayor Anderson confirmed that applications to the SIF will open following approval of the prospectus at the meeting at Liverpool’s Mann Island.